The Centre for the Settlement of Investment Disputes of the UNASUR: Historical Background and Current Status of the Centre
68 Pages Posted: 22 Dec 2015 Last revised: 19 Jan 2016
Date Written: December 14, 2015
Abstract
This is an introduction to the UNASUR, as well as to the historical background of the initiative of the UNASUR to create a Centre for the settlement of investment disputes as an alternative to the ICSID. The article is accompanied by three versions of the Agreement of the Creation of the above-mentioned Centre that will be opened for signature by the member-states of the UNASUR as well as by non-member states. This is a regional South-American initiative that pretends to progressively grow to cover Latin-America as a middle-term goal, and the world-over as a long-term goal. The documents were originally prepared in Spanish, and an unofficial translation of each of them is available in this article.
Keywords: investment dispute settlement, UNASUR, South-America, multilateral agreement
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